CapitalRise announces latest property investment opportunity

Property investment platform CapitalRise has launched what it says is the first ever Innovative Finance ISA (IFISA) wrapper for prime residential property.

The Jubilee Place-based company’s IFISA enables savers to invest between £1,000 and £15,240 in the present tax year in prime residential property, with a target annual return of up to 14% per annum.

Alongside the IFISA, CapitalRise has announced the launch of a new investment opportunity – Strand Chambers, a residential development located at 227-228 Strand.

The project will open on Monday (March 20) and seek to raise £1.2m from small investors through the CapitalRise platform.

Strand Chambers will be developed by Seastar Developments.

CapitalRise chief exec Uma Rajah said: “Our prime real estate IFISA provides savers with an opportunity to access an historically top performing asset class – prime residential property – held in a tax-free wrapper.

“In the current low interest rate environment and with inflation predicted to rise significantly in the short term, we believe this will prove very attractive to UK investors and the hundreds of customers who’ve already registered with us.”

To date, CapitalRise has raised over £3m across three deals, with investment opportunities including a row of five new-build townhouses in Yeoman’s Row, Knightsbridge, and an apartment in Eaton Square, Belgravia.